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Covelli Enterprises, Caribou Coffee ink coffeehouse deal

WARREN — Already the largest franchise operator of Panera Bread restaurants and one of the largest restaurant franchisees in the U.S., Covelli Enterprises in Warren is growing with the addition of Caribou Coffee to its lineup. The companies on Tuesday announced they signed a domestic franchise development agreement, touting it as the largest deal of its kind for the Minnesota-based coffee company that has more than 750 coffeehouses across the globe. Sam Covelli, CEO of Covelli Enterprises and his three children, Candace, Albert and Danielle, plan to open more than 100 coffeehouses ...

Nelms earns promotion with Premier Bank

YOUNGSTOWN – Premier Bank has promoted Diana Nelms to vice president, retail district manager serving the bank’s Southeast Ohio retail district. Nelms has 40 years of industry experience. She joined Premier Bank in 2007; and prior to accepting her new position, she served as branch ...

LMC, Foxconn close on first round of funding as planned

LORDSTOWN — Lordstown Motors Corp. and Foxconn closed Tuesday, as planned, on the first round of a $170 million equity investment the Taiwanese technology and electronics giant is making into the electric-vehicle startup. The news, however, did little to stop the plunge of Lordstown Motors’ stock. Regulatory documents show Lordstown Motors completed the transaction worth about $52.7 million, proceeds Lordstown Motors will use to run the company and start a new EV development program with Foxconn. The initial closing is for approximately 12.9 million shares of common stock at $1.76 ...

Stark Memorial partners with Everything After

SALEM — Stark Memorial Funeral Home will begin a partnership with Everything After, a platform designed to help families cope with the logistics and grief that follow a loss. To help families navigate the necessary logistical tasks that arise, Everything After provides step-by-step estate guidance and education. Everything After also offers a wide array of personalized courses and resources to support and educate those navigating grief. Dan Madden, president of Stark Memorial said, “All families who use Stark Funeral Home will have access to Everything After’s estate platform ...

Berkshire Hathaway HomeServices Stouffer Realty acquires Birch Realty

EAST LIVERPOOL — Ohio’s leading real estate company, Berkshire Hathaway HomeServices Stouffer Realty Services has acquired Birch Realty. Licensed since 1991, Birch Realty was founded in 1999 by Janet Birch in East Liverpool, Ohio. As an East Liverpool native, Birch grew her company from the ground up and provided exceptional customer service to clientele for 30 years. Birch has served as the President of the Beaver Creek Area Realtors Association numerous times. In addition, she won the Realtor of the Year Award in 2002 and an award for most homes sold in 2004. Birch serves on ...

SEC wants Lordstown Motors merger docs

LORDSTOWN — A federal regulatory agency probing Lordstown Motors Corp. has asked the upstart electric truck company for documents relating to its October merger with New York-based DiamondPeak Holdings Corp. The detail was part of Lordstown Motors’ annual report for 2020, filed Thursday with the U.S. Securities and Exchange Commission. The commission requested the information on Feb. 17 along with other documents and information related to “Legacy Lordstown and pre-orders of vehicles,” the report states. Lordstown Motors “is responding to the SEC’s requests and intends to ...